https://www.taxtmi.com/caselaws?id=76927 The High Court dismissed the Revenue's appeal regarding the treatment of consideration received for the sale of shares as business income or capital gains. The Court emphasized the importance of following proper legal procedures and highlighted that the Revenue should have sought rectification from the Tribunal instead of directly appealing the decision. The judgment underscores the significance of procedural correctness in addressing grounds of appeal and the need for parties to exhaust available remedies before resorting to further legal action. en-us Wed, 24 Sep 2008 00:00:00 +0530 Wed, 02 Jan 2013 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76927 The High Court dismissed the Revenue's appeal regarding the treatment of consideration received for the sale of shares as business income or capital gains. The Court emphasized the importance of following proper legal procedures and highlighted that the Revenue should have sought rectification from the Tribunal instead of directly appealing the decision. The judgment underscores the significance of procedural correctness in addressing grounds of appeal and the need for parties to exhaust available remedies before resorting to further legal action. Case-Laws Income Tax Wed, 24 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76927